The House of Lords released a report reviewing the use and development of AI in the UK. Recognising that the UK is ideally positioned to become a world leader in the development of AI, the report calls for the UK Government to encourage the wider adoption of AI solutions and to put ethics at the heart of the industry’s development.
Salvatore Minetti, CEO and founder of Prospex, welcomes the findings from the report, particularly when it comes to increasing investment into the AI sector and encouraging the adoption of AI solutions across both the private and public sector. He believes that AI and machine learning are transforming all areas of business, from operational efficiency through to delivering new data-led insights. However, while some large corporations and firms are taking advantage of these new solutions, UK SMEs and startups have largely failed to effectively embrace existing AI products, as have the public and third sectors. This is an area he would like to see addressed, particularly if the UK wants to become a global leader in AI.
Doron Youngerwood, Product Marketing Manager, Artificial Intelligence, Amdocs said: “Many businesses lack the widespread knowledge of how to use the technology, and there is also the risk that some users could be malicious and attempt to subvert a well-intentioned AI machine. Therefore, systems must be integrated into a business with a clear understanding of how the technology works and the implications of improper use.”
Some have reported concerns that AI automation will lead to job losses. However, this is likely to be balanced out by the creation of new jobs, with expertise in the field needed to ensure the technology is developed and integrated effectively. The introduction of AI will also help drive efficiencies in businesses, freeing up workers to do more productive tasks.
“Once businesses have a better understanding of how the technology can be used for the common good – in line with the House of Lord’s guidelines – the UK will be better able to assume a leadership position in AI,” added Youngerwood.